Phuket’s Royal Phuket Marina has revealed a five-year THB5 billion investment plan under the new campaign #DestinationRPM, which includes two hotels, a low-rise condominium development, a first-of-its kind water facility, marina expansion and the addition of a state-of-the-art RPM Children’s Zone.
The aim is to position Royal Phuket Marina as a leading destination in Asia, and covering approximately 200 rai, and with just a third developed so far, the site is prime for additional development.
Gulu Lalvani (pictured), Chairman of Royal Phuket Marina, said: “The planned investment over the next five years is part of my vision to make Royal Phuket Marina an iconic waterfront lifestyle destination.
“Under our #DestinationRPM campaign, Royal Phuket Marina will become a destination in its own right – a thriving residential and business community, and a destination that will support Phuket tourism attracting visitors from around the world.”
The hotel development will see more than 600 rooms added to Royal Phuket Marina over the next five years, while in terms of real estate, La Reserve will be a modern low-rise condominium developed under the concept of “Affordable Luxury”.
With a total of 160 units in eight four-storey buildings near the Town Square, each building has 20 units and a private sky pool. La Reserve will cater to Phuket’s under supplied serviced apartment niche and offers an exciting opportunity for Thai and international investors with a five-year guaranteed rental return.
Royal Phuket Marina will introduce a revolutionary, world-class dry stack system, the first of its kind in Thailand, whereby boat owners can store their luxury vessels under cover, protected from the elements, as you would with a Rolls-Royce or Ferrari.
“Phuket’s visitor demographics have changed considerably over the last 10 years. More tourists are looking to the east coast and to new destinations. Approximately 1,000 tourists and residents use the marina’s facilities every day. Our marine leisure facilities and central location makes Royal Phuket Marina the gateway to more than 30 islands all within a one hour boat ride,” added Lalvani.
Commenting on the real estate expansion, Lalvani said, “After studying the marketplace, we have identified the need for quality serviced apartments on Phuket.
“La Reserve condominium will cater to that niche and provide an ideal residence and investment for Thai and international buyers.”
Source: www.royalphuketmarina.com
